Posted by Jimmy Song > 2013-09-05 10:22 | Report Abuse

Daya Materials Berhad has today announced that it has secured a contract for the provision of a SECOND OFFSHORE SUBSEA CONSTRUCTION VESSL (dubbed Siem Daya 2) with the option to purchase 51% of the vessel. Daya Materials have also secured a long-term charter contract with Technip Norge AS Norway worth up to RM176 million for the Siem Daya 2 vessel. CHARTER PARTY CONTRACT WITH TECHNIP NORGE AS, NORWAY The Board of Directors of Daya Materials Berhad (“DMB”) is pleased to announce that its sub-subsidiary, Daya OCI (Labuan) Limited (“DOCIL”) (formerly known as Daya OCI (Labuan) Berhad) had on 3 September 2013 entered into another Charter Party Contract (the “Contract”) with Technip Norge AS of Norway in relation to the appointment of DOCIL as a contractor for the provision of second offshore subsea construction vessel which is to be named the Siem Daya 2 together with a range of offshore services on a long-term charter basis for the North Sea and North Atlantic Regions (the “Charter”). Daya Offshore Construction Sdn. Bhd. (“DOC”) (formerly known as SD Equipment Sdn. Bhd.), a wholly-owned subsidiary of DMB will be executing the Charter on behalf of DOCIL. Link to announcement 1: - http://www.bursamalaysia.com/market/listed-companies/company-announcements/1400177 CHARTER FOR OFFSHORE SERVICE VESSEL FROM SIEM OFFSHORE REDERI AS The Board of Directors of Daya Materials Berhad (“DMB”) is pleased to announce that its sub-subsidiary, Daya OCI (Labuan) Bhd. (“DOCIL”) had on 3 September 2013 entered into a charter agreement with Siem Offshore Rederi AS for one of their DP2 Offshore Subsea Construction Vessels (“OSCV”) which is to be named the Siem Daya 2 (“the Vessel”) (“the Charter”) for five (5) years with an option to purchase. Link to announcement 2.: - http://www.bursamalaysia.com/market/listed-companies/company-announcements/1400165